An industrial building at 324-326 Ten Eyck Street, located between Waterbury and Bogart Streets in Brooklyn’s East Williamsburg neighborhood, was sold in an all-cash transaction valued at $1,850,000.
The one-story brick building contains approximately 6,379 square feet and sits on a 50’ x 133’ lot. The seller recently completed renovations to the roof and mechanical systems as well as customized the interior of the building, including a fully built-out caretaker’s unit. This building has a curb-cut, roll-up gate and loading dock for deliveries. The sale price equates to approximately $290 per square foot.
The L train at Grand Street is located less than four blocks away, providing direct access to Manhattan.
“There was considerable interest in this building with competing offers leading to the full asking price,” said Mark Lively, who exclusively handled this transaction with Brendan Maddigan. “This is indicative of the changes happening in industrial Williamsburg, and bodes well for the neighborhood,” said Mr. Maddigan.
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Neighborhoods: Williamsburg/ Agents: Brendan Maddigan, Mark Lively